More Bad News for Newspapers, Part III


The Wall St. Journal reports more bad news: “McClatchy to cut work force by 10% to save $70 Million.”

Here’s a snapshot from the article: “The move underscores the industry’s growing difficulty as readers and marketers shift away from newspapers. The downturn is particularly painful for McClatchy, which owns large newspapers in Florida and California, states hit hard by the real-estate meltdown.”

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